Cost Disease or Baumol’s cost disease is a name for the rise of salaries in jobs that have experienced no or low increase of labor productivity [1]. Some use the term generally to refer to rising costs in general [2].
Often the questions being asked in Cost Disease discussion are why the cost healthcare and education have increased many, many times over.
Why haven’t we moved from calling it cost disease to calling it Cost Inflation (or something similar)?
If this is a concept we would like many people to know about it needs an intuitive name.